HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.4455 % | 2,653.0 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.4455 % | 4,868.2 |
Floater | 3.27 % | 3.26 % | 49,970 | 19.08 | 3 | 1.4455 % | 2,805.6 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2159 % | 3,704.3 |
SplitShare | 4.63 % | 3.73 % | 35,281 | 3.70 | 6 | 0.2159 % | 4,423.7 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2159 % | 3,451.5 |
Perpetual-Premium | 4.99 % | -15.32 % | 51,750 | 0.09 | 34 | 0.1410 % | 3,327.8 |
Perpetual-Discount | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1410 % | 4,004.8 |
FixedReset Disc | 3.94 % | 3.58 % | 110,248 | 17.63 | 40 | 0.2213 % | 2,869.6 |
Insurance Straight | 4.86 % | -13.85 % | 79,944 | 0.09 | 19 | 0.1705 % | 3,753.3 |
FloatingReset | 3.00 % | 3.00 % | 32,276 | 19.72 | 1 | -1.0429 % | 2,657.1 |
FixedReset Prem | 4.66 % | 2.99 % | 132,150 | 2.43 | 33 | 0.0682 % | 2,766.3 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2213 % | 2,933.3 |
FixedReset Ins Non | 4.06 % | 3.49 % | 93,108 | 17.85 | 20 | 0.1005 % | 2,964.5 |
Performance Highlights | |||
Issue | Index | Change | Notes |
MFC.PR.F | FixedReset Ins Non | -4.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 17.26 Evaluated at bid price : 17.26 Bid-YTW : 3.57 % |
BAM.PF.H | FixedReset Prem | -1.70 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-31 Maturity Price : 25.00 Evaluated at bid price : 27.20 Bid-YTW : 2.81 % |
BAM.PR.R | FixedReset Disc | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 4.15 % |
CU.PR.C | FixedReset Disc | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 22.02 Evaluated at bid price : 22.61 Bid-YTW : 3.82 % |
TRP.PR.F | FloatingReset | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 17.08 Evaluated at bid price : 17.08 Bid-YTW : 3.00 % |
MFC.PR.N | FixedReset Ins Non | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 23.00 Evaluated at bid price : 24.20 Bid-YTW : 3.46 % |
PWF.PR.Z | Perpetual-Premium | 1.06 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-07-31 Maturity Price : 26.00 Evaluated at bid price : 26.75 Bid-YTW : 2.45 % |
TRP.PR.G | FixedReset Disc | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 22.70 Evaluated at bid price : 23.70 Bid-YTW : 4.06 % |
FTS.PR.H | FixedReset Disc | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 15.88 Evaluated at bid price : 15.88 Bid-YTW : 3.80 % |
FTS.PR.M | FixedReset Disc | 1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 22.45 Evaluated at bid price : 23.05 Bid-YTW : 3.90 % |
GWO.PR.N | FixedReset Ins Non | 1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 16.25 Evaluated at bid price : 16.25 Bid-YTW : 3.46 % |
BAM.PR.K | Floater | 1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 13.15 Evaluated at bid price : 13.15 Bid-YTW : 3.26 % |
BAM.PR.B | Floater | 1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 13.20 Evaluated at bid price : 13.20 Bid-YTW : 3.25 % |
IFC.PR.A | FixedReset Ins Non | 2.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 3.39 % |
BAM.PR.T | FixedReset Disc | 3.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 20.69 Evaluated at bid price : 20.69 Bid-YTW : 4.11 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
W.PR.M | FixedReset Prem | 170,451 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-11-14 Maturity Price : 25.00 Evaluated at bid price : 24.98 Bid-YTW : 4.15 % |
TD.PF.H | FixedReset Prem | 27,386 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.27 Bid-YTW : 1.65 % |
CU.PR.C | FixedReset Disc | 27,022 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 22.02 Evaluated at bid price : 22.61 Bid-YTW : 3.82 % |
RS.PR.A | SplitShare | 26,000 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-12-31 Maturity Price : 10.00 Evaluated at bid price : 10.36 Bid-YTW : 4.34 % |
CM.PR.Q | FixedReset Disc | 24,264 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-07-31 Maturity Price : 25.00 Evaluated at bid price : 24.70 Bid-YTW : 3.43 % |
RY.PR.Z | FixedReset Disc | 22,527 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-09-30 Maturity Price : 23.14 Evaluated at bid price : 24.23 Bid-YTW : 3.38 % |
There were 19 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
MFC.PR.F | FixedReset Ins Non | Quote: 17.26 – 18.50 Spot Rate : 1.2400 Average : 0.8202 YTW SCENARIO |
BAM.PF.H | FixedReset Prem | Quote: 27.20 – 27.88 Spot Rate : 0.6800 Average : 0.4104 YTW SCENARIO |
BAM.PF.E | FixedReset Disc | Quote: 21.70 – 22.26 Spot Rate : 0.5600 Average : 0.4143 YTW SCENARIO |
FTS.PR.M | FixedReset Disc | Quote: 23.05 – 23.55 Spot Rate : 0.5000 Average : 0.3638 YTW SCENARIO |
RY.PR.M | FixedReset Disc | Quote: 24.40 – 24.99 Spot Rate : 0.5900 Average : 0.4571 YTW SCENARIO |
BAM.PR.R | FixedReset Disc | Quote: 20.20 – 20.72 Spot Rate : 0.5200 Average : 0.3938 YTW SCENARIO |
IFC.PR.C / IFC.PR.D : Forced Conversion To FixedReset
September 30th, 2021Intact Financial Corporation has announced:
IFC.PR.C was issued as a FixedReset, 4.20%+266, that commenced trading 2011-8-18 after being announced 2011-8-9. It reset to 3.332% in 2016 and there was a 16% conversion to the FloatingReset IFC.PR.D. IFC.PR.C reset to 3.457% in 2021.
IFC.PR.D is a FloatingReset, Bills+266, that arose via a partial conversion from IFC.PR.C in 2016.
Thanks to Assiduous Reader gsp for bringing this to my attention!
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